The cost of buying property in Greece: taxes & fees
Buying property in Greece involves several costs and taxes beyond the purchase price. This guide provides an overview of these expenses so you can make informed financial decisions.
From one-off purchase costs to ongoing ownership expenses, it’s crucial to understand what to expect when investing in Greek real estate.
One-off Purchase Costs
In Greece, the primary one-off costs include transfer tax, notary fees, and legal fees. It's essential to budget for these when planning your purchase.
- Transfer tax: Generally around 3%-7% of the property's value.
- Notary fees: Ranging from 1%-2% of the purchase price.
- Legal/conveyancing fees: Typically 1%-2% of the property price.
Transfer Tax
Transfer tax is a significant expense for buyers, generally ranging from 3% to 7% of the property's purchase price. It's advisable to verify the exact percentage with a local lawyer as local rates can vary.
Stamp Duty and Notary Fees
Aside from transfer tax, you will incur notary fees, which can be roughly 1% to 2% of the purchase price. Notaries prepare and certify the sale contract, making their service essential.
Legal and Conveyancing Fees
Engaging a lawyer for due diligence is highly recommended. Legal fees can account for another 1% to 2% of the purchase price. They can help navigate the local regulations and ensure a smooth transaction.
Total Estimated Purchase Costs
When budgeting for a property purchase in Greece, consider a total range of 5% to 10% on top of the property's price for all one-off costs. As an example, if purchasing a home for €290,000, you could expect to pay around €14,500 to €29,000 in total additional costs.
Recurring Ownership Costs
After your purchase, you'll need to budget for annual costs such as property tax, community fees, utilities, and insurance. Annual property tax in Greece is relatively low, averaging around 0.1% to 1% of the property’s value.
- Community or condo fees: Vary significantly depending on property type and location.
- Utilities: Water, electricity, and internet can range widely; budget a few hundred euros per year.
- Insurance: Property insurance costs will vary; expect to pay a few hundred euros annually.
Mortgage Costs for Non-Residents
If you're considering financing your property purchase in Greece, be aware that non-residents may face higher interest rates and stricter lending conditions compared to local buyers. It's best to consult with local banks or mortgage brokers for precise information.
Frequently asked questions
What additional costs should I expect when buying property in Greece?
In addition to the purchase price, budget for transfer tax, legal fees, notary fees, and registration costs.
How much are the property taxes in Greece?
Annual property taxes generally range from 0.1% to 1% of the property's value, depending on location.
Are there any ongoing community fees?
Yes, if you're buying a property in a community or condo, there may be monthly or annual fees that vary based on services provided.
Can non-residents get a mortgage in Greece?
Yes, but non-residents may face higher interest rates and stricter borrowing conditions. Consult local lenders for options.
What is the estimated total cost for buying a property worth €290,000?
Expect to budget an additional €14,500 to €29,000 for one-off costs, totalling approximately €304,500 to €319,000.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed July 2026.